XRP Price Slides Back To Range Support After Failed Upside Push

XRP price has declined below $1.40 and is consolidating losses near key support levels as bearish technical indicators persist. The cryptocurrency failed to sustain an upside push and now faces resistance at $1.3920 and $1.40, with potential further downside if support breaks below $1.3680.

XRP's recent price action reflects broader weakness across major cryptocurrencies, with the token unable to maintain bullish momentum above $1.4120. The extended decline below the $1.40 psychological level and the 100-hourly simple moving average signals that sellers have regained control in the short term. Technical deterioration is evident through multiple indicators: the MACD has gained bearish momentum, the RSI trades below 50 suggesting weakening buying pressure, and a bearish trend line has formed with resistance around $1.3920. This combination indicates that recovery attempts face headwinds rather than clear support.

The price structure reveals a significant downward move from the $1.4570 swing high, with XRP now consolidating near the 23.6% Fibonacci retracement level. Support clustering exists at $1.3800 and $1.3680, with the latter representing a critical level—a breakdown below this point could trigger cascading selling toward $1.350 and potentially lower to $1.3320. Conversely, a recovery would need to clear multiple resistance layers, with $1.4095 serving as the first meaningful hurdle before testing the 50% Fibonacci level at $1.4180.

For traders, the current environment presents asymmetric risk. The path of least resistance appears downward, particularly if daily and weekly timeframes confirm bearish bias. Investors holding positions should monitor whether XRP can establish a base above $1.3680 or if capitulation accelerates toward lower support. The convergence of technical weakness with market-wide selling pressure suggests that patience may be warranted before initiating new long positions.

• →XRP trades below $1.40 with a bearish trend line forming resistance at $1.3920 on the hourly chart
• →MACD shows increasing bearish momentum while RSI remains below 50, signaling sustained selling pressure
• →Critical support levels exist at $1.3800 and $1.3680; breakdown below $1.3680 could trigger decline toward $1.350
• →Recovery attempts face multiple resistance barriers at $1.40, $1.4095, and $1.4250 before reaching bullish targets
• →Technical setup favors downside risk over near-term recovery given alignment of indicators and trend line pressure